Brand new EOS update. What is currently known?
EOS, or rather, the company behind the cryptocurrency, announced the update of the system. Block.one company promises to take a fresh look at cryptocurrency and revise the functionality of the entire technology. Now we will consider the innovation in detail and highlight its role in our work with you in the crypto industry.
A bit of theory about EOS
Before discussing the news directly, you need to understand what EOS is and how good it is. So, EOS is a very unusual cryptocurrency. The token works at the heart of a separate operating system. A standalone interface allows you to create decentralized applications. Agree, a rather unusual concept. As you know, crypto investors really value promising sites, which is why serious amounts are actively invested in EOS. The total value of all investments exceeds $4 billion, which makes EOS record holders among all issued ISO
Technically, digital currencyis an improved Ethereum, the coin was created based on Ethereum, but at the same time, many bad moments in digital currency are optimized many times better. Even a beginner will understand a coin, an intuitive principle of operation will simplify the development of functionality. Practical implementation at the level. The system can withstand up to 30 transactions per second. Certainly a convenient feature.
However, even such a technologically advanced cryptocurrency as EOS can fail. For example, at the end of November, network performance dropped sharply. Productivity decreased, transfers began to process more slowly. The developers believe that the reason is the inefficient use of network resources. About 70% of the potential, according to the creators, EOS does not use. However, the creators of the coin take into account the fact that the potential of Blockchain, as a technology, is also not curbed. They claim that all the technical power of the Blockchain has yet to be revealed in future updates.
What did the developers do?
Note that the update has not yet entered into force. The new technology is currently undergoing tests and is being thoroughly tested by specialists. But, in theory, now EOS users will lease computing power. Each EOS owner will have the opportunity to buy a specific cell of CPU equipment. The lease needs to be renewed every month, the cost may vary, depending on several factors that have not yet been announced.
In fact, such an update is the future. So say experts who predict EOS even greater success. The system seeks to put all its customers in the same conditions, this very well reflects the very essence of cryptocurrency. The creators of digital currency are more than anyone else fighting for decentralization and equality of customers, in this they need to be supported. The introduction of equipment rental should also have a positive effect on the market. Experts say that the market will become much simpler because user behavior will be predictable. Therefore, even if you do not buy power for mining EOS, you will feel the benefit of the update.
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